In Australia 'there are hidden deposits of gold, copper, tin, lead and zinc which can be found by drilling at reasonable expense in view of the imp9rtance of the objectives. Exploration of the prospects in mind would mean about a million feet of drilling. The purpose of this paper is to outline, in a technical way, some of the geological thinking that has been given to this matter. To do this, it is necessary to unify the wider ranging thoughts into some sort of coherent perspective and also into some sort of logical sequence. This will be done by treating first the geological subject material which is in fact, at the foundation of the exploratory scheme. With this base, the argument will be continued through a sequence of prospect thinking and brought to a conclusion in regard to the practical employment of geology in the drilling planning. In this knitting together of ideas, the discussion will be given substance by welding into the argument the reasoning that has been applied to the Cobar prospect. The New Occidental Gold-Mines are operating three mines at Cobar, and the writer is indebted to the Company for allowing the reference to be made. It is intended, as opportunity permits, to furnish further examples in later publications.FOUNDATION OF EXPLORATIONThe deposits under consideration are derived from igneous rocks, chiefly granite or porphyry. In and following the emplacement of the intrusives, the rocks have been...